with stop loss
Rs 1015
TARGET
Rs 1035, 1040 ++
Wednesday, August 4, 2010
Results Today:
Adani Power, Bombay Rayon, Future Capital, Gujarat Industries Power,
IDFC, IL&FS Transportation, Mundra Port and Standard Chartered Bank.
IDFC, IL&FS Transportation, Mundra Port and Standard Chartered Bank.
FIIs were net buyers of Rs6.07bn in the cash segment on Tuesday (provisionally), according to the NSE web site. Local funds were net sellers of Rs1.5bn. In the F&O segment, they were net buyers at Rs14.62bn. On Monday, the FIIs were net buyers of Rs8.64bn in the cash segment. Mutual Funds were net buyers at Rs1.32bn on the same day.
Corporate Snippets
Reliance Industries and Essar are bidding to acquire the retail assets and lubricants business of BP in five African countries — Zambia, Malawi, Botswana, Namibia and Tanzania. (BS)
SAIL hopes to stitch up a joint venture with Japan’s Kobe steel within next six months. (ET)
Adani Enterprise has acquired mining rights for Queensland-based assets for US$455mn. (ET)
GMR Infrastructure said that it has refinanced its bridge loan of US$737mn with a five year debt. (ET)
Godrej Industries is planning major expansion in its agri and chemical business at an investment of Rs3bn. (ET)
HPCL will sell jet fuel to Kingfisher Airlines only against cash. (ET)
SAIL hopes to stitch up a joint venture with Japan’s Kobe steel within next six months. (ET)
Adani Enterprise has acquired mining rights for Queensland-based assets for US$455mn. (ET)
GMR Infrastructure said that it has refinanced its bridge loan of US$737mn with a five year debt. (ET)
Godrej Industries is planning major expansion in its agri and chemical business at an investment of Rs3bn. (ET)
HPCL will sell jet fuel to Kingfisher Airlines only against cash. (ET)
Tuesday, August 3, 2010
European markets update: FTSE Index down 0.5%, CAC Index down 0.4% and DAX Index down 0.3%
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Long Mercator Lines Aug Futs at Rs49.50 with SL of Rs48.50 for a target of Rs51.50
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BANG ON TARGETLong JP Associate Aug futs at Rs120.75 with SL of Rs117.75 for a target of Rs126.75
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Results Today:
Hindalco, Infinite Computers, NDTV, Plethico Pharma, Punj Lloyd, Spice Moblie, Swaraj Engines, Uflex and Welspun India.
FIIs were net buyers of Rs7.28bn in the cash segment on Monday (provisionally), according to the NSE web site. Local funds were net sellers of Rs1.7bn. In the F&O segment, they were net buyers at Rs18.58bn. On Friday, the FIIs were net buyers of Rs10.4bn in the cash segment. Mutual Funds were net sellers at Rs1.73bn on the same day.
Corporate Snippets
L&T has secured an order worth Rs65bn from Jaiprakash Power Ventures for a 1,980MW power plant in Uttar Pradesh. (ET)
BHEL expects to outstrip its revenue target for 2012 and become an Rs500bn company. (BL)
Tata Steel has suspended work on Mount Nimba, West Africa’s largest iron ore deposit due to an environmental report from United Nations Educational, Scientific and Cultural Organisation. (BS)
The Lok Sabha passed the State Bank of India (Amendment) Bill 2010, which seeks to, among other things, reduce the statutory minimum shareholding of the Central Government in the bank to 51% from the current level of 55%. (BL)
Emaar MGF Land plans to cut its initial public offering (IPO) to about Rs20bn, half the size it announced earlier this year. (BS)
BHEL expects to outstrip its revenue target for 2012 and become an Rs500bn company. (BL)
Tata Steel has suspended work on Mount Nimba, West Africa’s largest iron ore deposit due to an environmental report from United Nations Educational, Scientific and Cultural Organisation. (BS)
The Lok Sabha passed the State Bank of India (Amendment) Bill 2010, which seeks to, among other things, reduce the statutory minimum shareholding of the Central Government in the bank to 51% from the current level of 55%. (BL)
Emaar MGF Land plans to cut its initial public offering (IPO) to about Rs20bn, half the size it announced earlier this year. (BS)
Monday, August 2, 2010
Gold Call: Buy Era Infra at Rs217.50 with SL of Rs212 for target of Rs235
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High Risk Trader Buy & hold KarurVyasya Bank Ltd at Rs607 with SL of Rs595 for Target of Rs631.5
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European markets update: FTSE Index up 1.5%, CAC Index up 1.6% and DAX Index up 1.4%
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Buy & Hold Gitanjali Gems at Rs171 with SL of Rs168 for Target of Rs177
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Results Today:
Apar Industries, Gail India, GSK Consumer, Gulf Oil, India Cements, Madras Cements, Nestle India and NMDC.
FIIs were net buyers of Rs2.11bn in the cash segment on Friday (provisionally), according to the NSE web site. Local funds were net sellers of Rs1.3bn. In the F&O segment, they were net buyers at Rs18.66bn. On Thursday, the FIIs were net buyers of Rs44.38bn in the cash segment. Mutual Funds were net sellers at Rs6.36bn on the same day.
Corporate Snippets
Tata Motors reported a 41% increase in vehicle sales to 67,799 units in July, 2010, compared to 48,054 units in the same month of the previous year. (BS)
TVS Motor sales increased by 35% to 1,63,106 units in July, 2010 as compared to 1,20,944 units in previous year. (BS)
Maruti Suzuki plans to launch CNG version of Alto, Estilo, WagonR, Eeco and SX4 in a single day in the second week of next month. (BS)
Ashok Leyland is planning to invest around Rs20bn over the next two years, both at its existing plants and in joint ventures. (BS)
Ashok Leyland entered into an agreement with UK-based bus manufacturer Optare to acquire a 26% stake for a consideration of US$7.5mn. (BS)
TVS Motor sales increased by 35% to 1,63,106 units in July, 2010 as compared to 1,20,944 units in previous year. (BS)
Maruti Suzuki plans to launch CNG version of Alto, Estilo, WagonR, Eeco and SX4 in a single day in the second week of next month. (BS)
Ashok Leyland is planning to invest around Rs20bn over the next two years, both at its existing plants and in joint ventures. (BS)
Ashok Leyland entered into an agreement with UK-based bus manufacturer Optare to acquire a 26% stake for a consideration of US$7.5mn. (BS)
Friday, July 30, 2010
European markets update: FTSE Index down 0.4%, CAC Index down 0.3% and DAX Index down 0.2%
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BUY Hero honda Aug Futs at Rs1799 with SL of Rs 1774 for a target of Rs1852
BUY and HOLD
HERO HONDA
AUG FUTS at 1799
sl 1774
Target 1852
FIIs were net buyers of Rs5.78bn in the cash segment on Thursday (provisionally), according to the NSE web site. Local funds were net sellers of Rs9.2bn. In the F&O segment, they were net buyers of Rs20bn. On Wednesday, the FIIs were net buyers of Rs6.53bn in the cash segment. Mutual Funds were net sellers at Rs5.78bn on the same day.
Results Today:
ABB, Aditya Birla Nuvo, BEL, BPCL, DB Corp., Edelweiss, Emami, Gujarat Alkalies, Himatsingka Seide, HCC, IBN18 Broadcast, India Infoline, Indian Hotels, Inox, Jubilant Foodworks, Kansai Nerolac, Karnataka Bank, KEC International, Max India, Network 18, PVR, Raymond, REI Agro, Reliance Infra, RNRL, Reliance Power, Religare, S. Kumars, SCI, SJVN, Tata Chemicals, Torrent Pharma, TV18 and Voltamp.
Corporate Snippets
Sun Pharma wins over Eli Lily in a patent litigation over Gemzar, a drug used in cancer treatment, with a US federal court ruling in its favour. (BS)
PNB to decide on raising deposit rates in the upcoming asset-liability committee (ALCO) meet scheduled for July 31. (BS)
Axis Bank is likely to raise deposit rates shortly. (BS)
The Cleantech division of M&M Group plans to install 50MW of solar power generation capacity across five states at an outlay of Rs7.5bn. (BL)
JSW Steel plans to begin construction of its 10mtpa steel plant at Salboni in West Bengal before end of this fiscal. (BL)
Dabur plans to raise Rs20bn for buyouts. (BS)
PNB to decide on raising deposit rates in the upcoming asset-liability committee (ALCO) meet scheduled for July 31. (BS)
Axis Bank is likely to raise deposit rates shortly. (BS)
The Cleantech division of M&M Group plans to install 50MW of solar power generation capacity across five states at an outlay of Rs7.5bn. (BL)
JSW Steel plans to begin construction of its 10mtpa steel plant at Salboni in West Bengal before end of this fiscal. (BL)
Dabur plans to raise Rs20bn for buyouts. (BS)
Thursday, July 29, 2010
SHROT TERM DELIVARY CALL,
Buy & Hold
Pipavav Ship at Rs98.5 with
SL of Rs96 for
Target of Rs104
HOLD FOR 10 DAYS
BUY DLF July Futs at Rs308 with Sl of Rs 302 for a target of Rs320
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INTRADAY CALL,
High risk traders :
BUY AND HOLD
IVRCL Infra at Rs176 with
SL of Rs172 for
target of Rs184, 185
RELIANCE
RIL results have been a little disappointing and may continue to pressure the overall sentiment. Results will continue to pour in over the next few days and will have a role in shaping the market’s direction. What is also slightly worrisome is the drop in core sector growth in June.
Results Today:
Alok Industries, Aban Offshore, Apollo Tyres, Arvind, Bata India, Bank of Maharashtra, BOB, Federal Bank, GHCL, GE Shipping, GSPL, HCL Tech, HDIL, Hero Honda, Hexaware, Ipca Labs, JB Chemicals, Kalpataru Power, Nagarjuna Fertilizers, National Fertilizers, NHPC, Novartis India, ONGC, OBC, Petronet LNG, SAIL, Siemens, TTML and UltraTech Cement.
Corporate Snippets
HDFC Bank, Lakshmi Vilas Bank and Central Bank set off a round of deposit rate hikes. (ET)
EGoM cancels KG gas allocation for ONGC. (DNA)
NTPC’s merchant power business plans to get government nod. (BL)
Adani Enterprise to invest Rs65bn in coal mining. (BL)
Yes Bank to raise Rs4.5-5bn in Q2 to fund its business growth. (BL)
Patch of Maruti Suzuki’s largest selling car Alto produced in April this year is facing a potential engine oil leakage problem. (ET)
Reinsures have settled Aban’s US$235mn claims for its semi-submersible rig. (ET)
EGoM cancels KG gas allocation for ONGC. (DNA)
NTPC’s merchant power business plans to get government nod. (BL)
Adani Enterprise to invest Rs65bn in coal mining. (BL)
Yes Bank to raise Rs4.5-5bn in Q2 to fund its business growth. (BL)
Patch of Maruti Suzuki’s largest selling car Alto produced in April this year is facing a potential engine oil leakage problem. (ET)
Reinsures have settled Aban’s US$235mn claims for its semi-submersible rig. (ET)
Wednesday, July 28, 2010
European markets update: FTSE Index up 0.4%, CAC Index up 0.7% and DAX Index up 0.5%
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Aban says Reinsurers agreed to settle claim, has received 97% of claim, may get the rest shortly
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BUYpraj Aug futs at RS79.00 with SL of Rs76.00 for a target of Rs86.00
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Tuesday, July 27, 2010
L&T Q1 net profit at Rs666cr up 15%
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European markets update: FTSE Index up 0.5%, CAC Index up 0.9% and DAX Index up 0.5%
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RBI hikes reverse repo rate by 50bps, repo rate by 25bps
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Results today:
Reliance Ind, HUL, MRPL, Larsen & Toubro, Cairn India, Jubilant Organ, Glenmark Pharma, JSW Steel, Ashok Leyland, Godrej Inds, Cadila Health, Titan Inds, IRB Infra.Devl, Asian Paints, GTL, Oil India
Monday, July 26, 2010
Results Today:
Bharat Forge, Blue Star, Century Textiles, Dabur India, Dena Bank, Essar Oil, DQ Entertainment, Gateway Distriparks, GSK Pharma, Granules India, HSIL, Mahindra Holidays, Maharashtra Sealmess, NTPC, Nelco, Peninsula Land, Sterlite, TAJ GVK Hotels, Tata Elxsi, Tech Mahindra, Union Bank, Uniphos Enterprise, United Phosphorus and WWIL.
FIIs were net buyers of Rs7.11bn in the cash segment on Friday (provisionally), according to the NSE web site. Local funds were net sellers of Rs1bn. In the F&O segment, they were net buyers at Rs15.45bn. On Thursday, the FIIs were net buyers of Rs1.88bn in the cash segment. Mutual Funds were net sellers at Rs2.98bn on the same day.
European markets update: FTSE Index up 0.4%, CAC Index up 0.6% and DAX Index up 0.2%
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Corporate Snippets
Vodafone Group Plc might sell its indirect minority equity stake of 4.39% in Bharti Airtel, as part of a plan to get out of the group’s smaller investments in various companies across the world. (BS)
Tata Motors will consider a US$550mn sponsored overseas issue for its shares with differential voting rights. (ET)
ITC plans to invest Rs 230bn across sectors such as FMCG, hotels, paper and packaging over the next few years. (BL)
DLF is buying out the property arm of Dubai World, its foreign partner in the 50:50 joint venture to make Bidadi Knowledge City. (ET)
Dr Reddy’s Labs neither has any intention to offload stake in its domestic formulations business nor will it look at selling its German subsidiary Betapharm. (ET)
Tata Motors will consider a US$550mn sponsored overseas issue for its shares with differential voting rights. (ET)
ITC plans to invest Rs 230bn across sectors such as FMCG, hotels, paper and packaging over the next few years. (BL)
DLF is buying out the property arm of Dubai World, its foreign partner in the 50:50 joint venture to make Bidadi Knowledge City. (ET)
Dr Reddy’s Labs neither has any intention to offload stake in its domestic formulations business nor will it look at selling its German subsidiary Betapharm. (ET)
Friday, July 23, 2010
सेन्सेक्स (18130.98 ) 17.83 अंक चढ्कर, नीफ़्टी (5449.10) 07.15 अंक चढ्कर, बंद..
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Book Profit in Buy Nifty Puts given at Rs68
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Buy Nifty July 5500 Puts at Rs 68 with SL of Rs53 for a target of Rs98
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Results Today:
Allahabad Bank, Areva T&D, BHEL, Bilcare, Biocon, Brigade, CESC, Geometric, Glodyne, HPCL, IFCI, Indiabulls Sec, Info Edge, Jaiprakash Associates, Jay Shree Tea, Jet Airways, JSL, JSW Energy, Kale Consultants, M&M Financial, Mcleod Russel, Motilal Oswal, Onmobile, Phillips Carbon, Praj Inds, Redington, SRF, Thomas Cook, TRF, TV Today, UCO Bank and Wipro.
Corporate Snippets
Bharti Airtel has shortlisted IBM, HP, Accenture, Wipro & Tech Mahindra for its billion-dollar-plus IT outsourcing contract in Africa. (ET)
Infosys Rs25bn SEZ in Sarjapur to get operational by March 2011. (ET)
ONGC is interested in buying BP’s stake in the Vietnam project where BP has 35% participating interest in the block.(FE)
Bajaj Auto’s new car project will roll out from its Waluj plant in Aurangabad, not from the one at Chakan, near Pune. (BS)
JSW Steel is likely to announce a stake sale to Japan’s second-largest steel maker, JFE, after about eight months of discussion. (BS)
Arvind Ltd will invest Rs3bn over the next three years to expand its retail footprint. (BS)
Infosys Rs25bn SEZ in Sarjapur to get operational by March 2011. (ET)
ONGC is interested in buying BP’s stake in the Vietnam project where BP has 35% participating interest in the block.(FE)
Bajaj Auto’s new car project will roll out from its Waluj plant in Aurangabad, not from the one at Chakan, near Pune. (BS)
JSW Steel is likely to announce a stake sale to Japan’s second-largest steel maker, JFE, after about eight months of discussion. (BS)
Arvind Ltd will invest Rs3bn over the next three years to expand its retail footprint. (BS)
Thursday, July 22, 2010
European markets update: FTSE Index down 0.4%, CAC Index down 0.2% and DAX Index flat.
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